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BMO World Elite Cashback Mastercard: Enjoy 5% Cashback on Supermarket Purchases with No Annual Fee for the First Year!

The BMO Cashback World Elite Mastercard gives you a fantastic 5% cashback on groceries and offers discounts at Shell gas stations!

This card utilizes Mastercard’s extensive network, ensuring you have ease of use both in Canada and abroad, letting you redeem your cashback whenever you wish. Be sure to find out how to apply!

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BMO ranks among Canada’s leading financial institutions, offering a wide array of services including bank accounts, mortgages, loans, investments, and insurance.

Among its credit card options, the BMO World Elite is recognized for its attractive cashback rewards.

This card boasts various cashback tiers, featuring an outstanding 5% on groceries, the top rate in Canada for food and daily essentials.

For travel and taxi expenses, the cashback rate is 4%. You’ll also earn 3% cashback on charging electric vehicles and fuel purchases at gas stations.

Additionally, the card offers 2% cashback on recurring bills such as gym memberships and streaming services.

For all other eligible transactions, you’ll earn a consistent 1% cashback with no limit, and you can redeem your rewards anytime you choose.

You can also save up to seven cents per liter at Shell stations, along with travel and medical insurance coverage of up to $5 million.

Generally, the starting limit is $5,000, but it can increase based on the cardholder’s financial status.

The card offers 10% cashback on all purchases for the first 3 months, making it a great choice for initial savings.

If you maintain a checking account with BMO, the $120 annual fee is waived for the first year; otherwise, it’s $120, plus $50 for each supplementary card.

To qualify for this card, you should have a good credit history and meet BMO’s minimum income criteria.

You can complete the entire application process through BMO’s online platforms, ensuring security and convenience.

When it’s time to redeem your cashback, you have several choices, including applying it to your statement, transferring it to a checking or savings account, or even using it for investment purposes.

The Mastercard Travel Rewards program offers discounts and cashback on travel-related expenses, along with valuable access and benefits wherever you may be.

You can enjoy savings of up to 20% with companies such as National Car Rental and up to 5% when renting from Enterprise Rent-A-Car.

The BMO card offers comprehensive security, ensuring zero liability for unauthorized transactions, includes Mastercard Identity Check, and sends notifications from BMO to confirm your purchases.

Interested in another choice?

If you’re seeking another card from BMO, the Cashback Mastercard is a great option, providing similar benefits for an initial three months along with the bank’s security features. 

Moreover, it offers excellent value since there’s no annual fee, plus you can discover how to apply.

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